Antofagasta (ANTO) Earns “Buy” Rating from Citigroup

Antofagasta (LON:ANTO)‘s stock had its “buy” rating restated by analysts at Citigroup in a research report issued on Wednesday, March 14th.

A number of other equities analysts have also issued reports on the company. JPMorgan Chase lowered their price target on Antofagasta from GBX 700 ($9.83) to GBX 660 ($9.26) and set an “underweight” rating on the stock in a report on Thursday, January 25th. Berenberg Bank raised Antofagasta to a “hold” rating and raised their price target for the stock from GBX 750 ($10.53) to GBX 865 ($12.14) in a report on Thursday, February 8th. Peel Hunt reissued a “hold” rating and set a GBX 950 ($13.34) price target on shares of Antofagasta in a report on Tuesday, March 13th. Deutsche Bank lifted their price objective on Antofagasta from GBX 800 ($11.23) to GBX 900 ($12.63) and gave the company a “sell” rating in a report on Monday, January 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Antofagasta in a report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 902.93 ($12.67).

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Shares of ANTO traded down GBX 15.20 ($0.21) during midday trading on Wednesday, reaching GBX 915.60 ($12.85). 1,716,141 shares of the stock were exchanged, compared to its average volume of 3,470,000. Antofagasta has a twelve month low of GBX 11.12 ($0.16) and a twelve month high of GBX 1,071 ($15.03).

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About Antofagasta

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

Analyst Recommendations for Antofagasta (LON:ANTO)

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